SAMPLE DIMINISHING BALANCE COMPUTATION
FOR BALANCE CONVERT PHP TRANSACTIONS
INSTALLMENT AMOUNT PHP 50,000
MONTHLY ADD-ON RATE 1.00%
MONTHLY EFFECTIVE INTEREST RATE 1.79%
INSTALLMENT TERM 12 MONTHS
MONTHLY FACTOR RATE 0.093334686
MONTHLY AMORTIZATION PHP 4,666.73
OUTSTANDING TOTAL
INSTALLMENT INSTALLMENT MONTHLY
PRINCIPAL INTEREST PRINCIPAL PRINCIPAL
MONTH AMOUNT AMORTIZATION
BALANCE BALANCE
0 50,000.00 - - - 50,000.00 50,000.00
1 3,772.57 894.17 4,666.73 46,227.43 46,227.43
2 3,840.03 826.70 4,666.73 42,387.40 42,387.40
3 3,908.71 758.03 4,666.73 38,478.69 38,478.69
4 3,978.61 688.13 4,666.73 34,500.09 34,500.09
5 4,049.76 616.98 4,666.73 30,450.33 30,450.33
6 4,122.18 544.55 4,666.73 26,328.15 26,328.15
7 4,195.90 470.84 4,666.73 22,132.25 22,132.25
8 4,270.94 395.80 4,666.73 17,861.31 17,861.31
9 4,347.31 319.42 4,666.73 13,514.00 13,514.00
10 4,425.06 241.68 4,666.73 9,088.94 9,088.94
11 4,504.19 162.54 4,666.73 4,584.74 4,584.74
12 4,584.74 81.99 4,666.73 (0.00) (0.00)
Total 50,000.00 6,000.81 56,000.81
SAMPLE DIMINISHING BALANCE COMPUTATION
FOR BALANCE CONVERT USD TRANSACTIONS
INSTALLMENT AMOUNT USD 800
MONTHLY ADD-ON RATE 1.00%
MONTHLY EFFECTIVE INTEREST RATE 1.79%
INSTALLMENT TERM 12 MONTHS
MONTHLY FACTOR RATE 0.093334686
MONTHLY AMORTIZATION USD 74.67
OUTSTANDING TOTAL
INSTALLMENT INSTALLMENT MONTHLY
PRINCIPAL INTEREST PRINCIPAL PRINCIPAL
MONTH AMOUNT AMORTIZATION
BALANCE BALANCE
0 800.00 - - - 800.00 800.00
1 60.36 14.31 74.67 739.64 739.64
2 61.44 13.23 74.67 678.20 678.20
3 62.54 12.13 74.67 615.66 615.66
4 63.66 11.01 74.67 552.00 552.00
5 64.80 9.87 74.67 487.21 487.21
6 65.95 8.71 74.67 421.25 421.25
7 67.13 7.53 74.67 354.12 354.12
8 68.33 6.33 74.67 285.78 285.78
9 69.56 5.11 74.67 216.22 216.22
10 70.80 3.87 74.67 145.42 145.42
11 72.07 2.60 74.67 73.36 73.36
12 73.36 1.31 74.67 - -
Total 800.00 96.01 896.01
